Analysis of the commercial real estate market in the city. Commercial real estate market analysis from Praedium. What to expect in the near future
The specialists of the international consulting company Knight Frank have compiled a rating of development companies in the retail real estate segment by the size of their portfolio at the moment. In total, the list includes 15 largest companies with a portfolio of at least 190 thousand square meters. m of retail space.
09.04.2019Not quantity, but quality
Analysis of the market for shopping centers in St. Petersburg based on the results of the 1st quarter of 2019: over the past quarter, the minimum volume of new tenants in four years was opened in the shopping center. At the same time, they appeared as part of a rotation to improve the pool of operators, which ultimately leads to an increase in rental rates in the market.
13.03.2019The provision of Russians with outlets is 7 times lower than in Europe
Analysts of the international consulting company Knight Frank noted that the provision of Russians with outlet format stores is at the lowest level in Europe - 1.1 sq. m / 1000 people against 9.2 sq. m / 1000 people on average in European countries and 90 sq. m / 1000 people in the USA. There are more than 200 outlets in America, about 150 in Europe, and only 6 in Russia.
12.02.2019Russians “do not finish” their coffee for 1 trillion rubles
According to the international consulting company Knight Frank, the third wave of coffee shop openings is currently taking place on the Russian market. In contrast to the first two, small author chains of coffee houses and coffee bars have been actively developing since 2013 against the background of changes in consumer behavior. However, the coffee shop market is far from saturation. Now in cities with a population of over 5,000 there are about 5,000 coffee shops, while the market volume is 130 billion rubles, and the potential, taking into account consumer opportunities, is 1 trillion rubles, which is 7.6 more than the current market saturation. The potential of the Moscow market is more than 120 billion rubles, which is 4 times higher than the current value.
01.02.2019What awaits the commercial real estate market in 2019
Cushman & Wakefield experts told what awaits the commercial real estate market in 2019. The main challenges for the Russian economy in the coming years will be growing inequality and disparity. The gap between leaders and outsiders will grow across all market segments.
31.01.2019The volume of new construction of retail real estate in 2019 will grow by 45%
Construction activity is expected to increase in the retail real estate market in 2019. According to a report by Marketbeat Cushman & Wakefield, new construction in 2019 will amount to 700,000 sq. m, which is 45% more than in 2018.
28.01.2019In 2018, a record number of foreign brands left the Russian market, and the number of new brands is the minimum over the past 5 years.
Analysts of the international consulting company Knight Frank summed up the results of 2018 in the Moscow retail real estate market and found that 135.1 thousand sq. M. Were commissioned in 2018. m, which is the lowest figure in the past 10 years. At the same time, the vacancy decreased by 1.5% p.p. up to 7%.
The anti-records in the retail segment did not end there - in 2018, the lowest indicator for the release of new brands was recorded (22 operators against 37 in 2017) against the background of the highest indicator for the closure of retailers (12 operators left the market). In 2018, 1.5 times more retailers left than in 2017, then 8 brands announced their withdrawal, and this is the highest rate of closure since 2012.
25.01.2019Results of the retail real estate market in 2018 in St. Petersburg
At the end of 2018, for the first time since 2014, there was a significant increase in the segment of high-quality retail space. The volume of commissioning was 128,200 sq. M., Which is 3% of the total market volume.
24.01.2019How the retail market developed in 2018
2018 was characterized by a relative “warming” in the development of retail and public catering. This tendency was typical not only for million-plus cities, but also for other regions of Russia. This is evidenced by the results of industry research conducted by RealJet.
26.11.2018International brands 2018. Degree of development in Russia
For the second year in a row, international brands of the “Economy” price category do not enter the Russian market. More than half of new brands belong to the middle price segment. From the second quarter of 2017 to the first quarter of 2018, 33 new brands entered the Russian market, and 21 brands left the market. Such data are provided in the study of the company"Shop of shops".
20.11.2018Moscow shopping and entertainment centers are "shallow": by 2020 85% of projects are planned in the format of small shopping centers
Analysts of the international company Knight Frank have found that almost all new shopping centers that have entered the market since the beginning of this year and are planned to open by the end of 2018 in Moscow belong to the format of small shopping centers (GLA up to 20 thousand sq. M.). By the end of 2020, it is planned to bring about 57 new shopping centers to the capital market, of which about 85% of the objects (49 projects) correspond to the regional scale. This is largely indicative of the market's transition from the megamall format to regional shopping centers.
13.11.2018CBRE has analyzed the Russian outlet market
The largest number of outlet openings in Russian history is expected by the end of 2019: the outlet market will grow by 95,700 sq. m.
16.10.2018After the World Cup, the growth of the vacancy rate began in St. Petersburg street retail
According to JLL, by the end of the 3rd quarter, the share of vacant premises in the main shopping streets of St. Petersburg increased from 7.5% to 7.8%. The most significant increase in the vacancy rate is at the level of 1-2 pp. - occurred on lines 6-7 V.O., Sadovaya Street and Moskovsky Prospekt. At the same time, the indicator on the main part of Nevsky Prospekt changed insignificantly in July-September and amounted to about 4%.
05.10.2018The volume of commissioning of shopping centers in Moscow in 2018 may become the minimum in six years
According to JLL, in the first three quarters of 2018, only 98 thousand square meters were commissioned in Moscow. m of retail space, which is 13% less than in the same period last year. It should be noted that in the 3rd quarter in Moscow not a single shopping center was opened.
04.10.2018The maximum volume of new tenants in the shopping center of St. Petersburg was recorded in the 3rd quarter of 2018
According to JLL, the volume of stores opened or announced for the upcoming opening in shopping centers of St. Petersburg in the 3rd quarter of 2018 exceeded 83 thousand square meters. m. This is the highest quarterly value on the quality retail real estate market over the past 10 years.
27.09.2018Since the beginning of 2018, 1.5 times fewer new brands have come to Russia
Since the beginning of this year, 17 new international brands have entered the Russian market, which is almost 1.5 times less compared to the same indicator in 2017 (28 brands), according to a study by the international consulting company Knight Frank.
Such an analysis is a study of a large-scale market that includes retail space, warehouses, hotels, and commercially used housing stock.
It can be general, covering the entire market, and private, specialized in a specific area of real estate..
It is necessary for everyone who actively trades in the market.
The difference between analysis and evaluation is that the analysis gives a more complete picture of the market, based on statistics and past experience, it allows determining price trends for several months and years.
A beginner investor must be interested in the theory and practice of market analysis so that you can invest your money with good returns without losing it during the next cyclical downturn. For those who want to get rid of real estate in their property, the analysis will tell you the best time to sell the property.
Commercial real estate market: analysis
To assess the situation and possible trends in the commercial real estate market, you need to refer to general macroeconomic indicators.
The analysis itself is divided into several important sectors.:
- analysis of the sale and purchase sector;
- analysis of the rental market;
- analysis of real estate investments;
- research of the state of affairs in different classes of commercial real estate.
The main indicator in the general analysis is investment activity in your region... Even in times of general economic instability or stagnation, there are safe zones for investors, where they can, if not increase, then at least save their money.
For example, the Moscow real estate market suffers less than others during crises.
The second is the general activity of the business and the purchasing power of the population.
This is especially evident when analyzing retail space.
A common picture during the crisis is half-empty halls in shopping centers with many rental announcements.
It testifies to the very poor state of affairs in the sector of this particular city.
ATTENTION. At the same time, the volume of construction of the same shopping centers cannot be interpreted as an unambiguous indicator of economic cycles.
It happens that the developer's premises are commissioned in spite of the midst of the crisis, because the construction estimates simply do not take into account the economic situation.
The fact that the commercial real estate market is in decline is evidenced by the behavior of the owners of the premises. In a crisis, they are forced to fight for the tenant, inventing various indulgences for him in the form of discounts or repairs at their own expense.
At such moments, the business feels most mobile. But the owners suffer and are forced to get rid of the assets.
In such times, it is best to take ownership of the area for the future in 5-6 years, or for the development of your own business. The question of whether it is more profitable to rent commercial real estate, or to buy, must be decided according to the situation.
Leasing always gives the company room to maneuver, allowing it to move to less expensive areas.
Ownership will tie the firm to one location, but may become a profitable asset in the future.
Not only large shopping centers own commercial properties.
Large firms and banks in the years of economic growth buy them for their own needs, and get rid of them in times of crisis. Try to find such lots on the market, this is a great chance to get a premise in the best location for the usual price.
Office rooms
When analyzing office space, it is important to pay attention to the class of real estate... When “A” class offices are on the rise, it means that now is not the time for private investors with small capital. As the analysis of commercial real estate has shown, the market has exploded and is dominated by large players, including banks and investment funds.
For owners of large B and C class premises, this means that it is high time to enter into long-term lease contracts or sell premises to large corporations at a good price. These office classes have their advantages, despite the fact that they indicate poor quality finishes and inaccessibility to public transport.
Banks are especially interested if they have surplus funds in premises of this class... But for banks, office real estate of this class is just an asset that will be sold to the market in the first place in the event of a crisis.
The volume of premises is an important indicator in any real estate sector. The volume of premises in a particular class and the weighted average price in the market for this class should become the main tools for investing in office premises.
Commercial premises
The weighted average price in the market for retail space can sag even from the construction of a large shopping complex in this or a neighboring area.
Unlike office properties, trading is associated with a large number of risks..
Retail is an area of business in which short-term contracts are most common. And during the crisis, small and medium-sized retail spaces are often empty.
Keep a close eye on which shopping malls and market squares are being built in the area of interest.
Such construction is guaranteed to shake prices. This is especially difficult when, during a collapse in the retail real estate market, developers lease new areas.
The situation is smoothed out by the fact that such a drop in weighted average prices for retail space is localized by district. In new residential areas and business districts, it is barely noticeable, while in areas close to the center, where class “B” real estate and below are located, the cheapening of premises and a sharp increase in leased space is immediately noticeable to everyone.
Warehouses
Almost the same rules apply to warehouses as to retail space. This is also a risky area. But it is in this area that the emphasis in the analysis is often placed on the technical component of warehouse buildings. Storage space must be well organized.
A modern warehouse is a small mechanized enterprise, so the size and organization of the space inside the building should not be an obstacle for warehouse equipment.
Investments in warehouses are much less common than in office or retail real estate.
They are relevant mainly in areas of large cargo transportation, or in industrialized areas, where business is constantly looking for such premises.
What to expect in the near future?
The commercial real estate market in Russia has just experienced a significant downturn. In large cities, rental rates fell by an average of 10-20%. Firms began divesting their real estate assets en masse, which led to an increase in supply. Business is still too weak to overcome the negative trend.
Briefly speaking about the forecast for commercial real estate, it can be argued that it is too early to say that the crisis is over for the market. Real estate has not started to massively rise in price, and in most cities it periodically still falls, then grows in price by several percent.
ATTENTION. According to commercial real estate analysts, most likely we will see positive changes and a return of prices to pre-crisis levels 1-1.5 years after the start of economic growth in Russia.
Investments
With an average capital, it is best to invest in small category "C" offices.
Now they are in demand among tenants, even if they are located significantly far from the center.
If we talk about retail space, it is best to buy real estate in the center of megalopolises whenever possible..
Analysis of rental rates in the dealer sector
The rental rate depends on the current supply and the general macroeconomic environment... As the analysis of commercial real estate leases has shown, in the conditions of stagnation and recession, supply is at its peak, landlords compete for each tenant and keep prices low.
But, as the analysis of commercial real estate rental rates has shown, as soon as capital returns to the sector and business activity grows, prices will return to the pre-crisis level and exceed it by 20-30%.
Let's summarize. Real estate is highly responsive to macroeconomic cycles. During the crisis, the supply of rent and purchase and sale increases. The most sustainable investments during a recession are mid-range offices and small-scale sales areas.
General characteristics of the industrial and warehouse real estate market in the region
The past 2013 was an extremely favorable period for the warehouse real estate market and is characterized by high supply and demand indicators - despite the high volumes of commissioning, the vacancy rate remained at a low level (1-2%). In 2013, there was a high level of absorption volume - about 1.3 million square meters. m.
Experts note the revision of the classification of industrial and warehouse real estate in Moscow as one of the most significant market events. According to the measurable clarifications proposed by Knight Frank, class A + facilities differ from class A facilities by a greater spacing between spans, an ultra-flat floor with anti-dust coating, a higher permissible floor load and a heating system that provides at least +14 at outdoor air temperature up to - 35C (excluding low-temperature storage modes).
Experts call PNK-Chekhov "PNK Group" a striking example of such an object (class "A +"). In addition to compliance with the above characteristics, experts note large turning and parking areas, logical organization of access roads, quality of coverage, etc. entrance and autonomous communication and power supply systems.
Supply on the industrial and warehouse real estate market in Moscow and the Moscow region
The volume of commissioned space in the industrial and warehouse real estate market of the Moscow region in 2013, according to various estimates, amounted to about 800 thousand square meters. m, and the total volume of high-quality supply is about 9 million square meters. m. According to experts, these commissioning volumes are a record for the last 4 years, while almost all new facilities belong to class "A". One of the main reasons for the growth in the share of high-class objects in new construction is the increased demand from companies for which a high-tech warehouse is a way to increase the turnover of goods.
The largest volumes of industrial and warehouse space commissioning in 2013 were noted in the southern and southeastern directions. These directions, together with the southwest, are traditionally in high demand, and, as a result, the largest volumes of supply are concentrated there. This direction of supply and demand is due to freight flows passing through the M-4 highway and Simferopol highway.
Figure 1. Geographic structure of industrial and warehouse space commissioning (according to the company "Praedium")
A significant share in the volume of industrial and warehouse space commissioned in 2013 was taken by large market players. For example, PNK Group continued to develop the PNK-Chekhov project (the first phase of PNK-Chekhov 2 was commissioned) and PNK-Vnukovo (building No. 9 was commissioned).
In the logistics park "PNK-Chekhov 2" in the second half of the year, 2 and 3 buildings with a total area of about 127 thousand square meters were commissioned. m. This project has become the largest commissioned object of a new high-quality supply on the Moscow market. The logistics park is located in the city of Chekhov, 49 km along the Simferopol highway from the Moscow Ring Road, near the project of the same name "PNK-Chekhov". According to the developer's plans, the implementation of the warehouse project will be completed in 2014, then the total area of the complex will reach 286 thousand square meters. m.
The second place in terms of commissioning scale went to the project introduced in the first half of 2013. It was the Logopark Sever logistics park with an area of 110 thousand square meters. m. The developer of the project was the company "Karavella". This warehouse facility is located 7 km from the Moscow Ring Road along the Leningradskoye Highway in the Solnechnogorsk District. The Logopark has a convenient location and is very attractive for both the largest Russian and foreign companies. Among the resident companies, it is worth noting: IKEA, Global Logistic Projects, Eldorado, etc.
The development company PNK Group not only showed itself in Chekhov, but also brought new warehouses to the market in the PNK-Vnukovo project. In 2013, the company put into operation three buildings (3, 8 and 9) with a total area of 101 thousand m2.
In the second half of 2013, the development company Raven Russia increased its activity in the market, continuing to introduce queues in current warehouse projects. Thus, the third stage of the Klimovsk logistics park (55 thousand sq. M) and the second stage of the Noginsk logistics park (37.1 thousand sq. M) entered the market.
Figure 2. The most significant production and warehouse facilities put into operation in 2013 (according to the company "Praedium")
In the geographical structure of the input, there is a tendency for the development of territories more distant from the Moscow Ring Road. Complexes located 20-30 km from the Moscow Ring Road are traditionally in high demand, while the supply of high-quality objects located at a distance of up to 50 km from the Moscow Ring Road is actively being formed, which are also in demand, which is confirmed by the active use of the "build-to-suit" scheme during implementation of these projects.
The market for the sale of land and property complexes for industrial and warehouse purposes both in the zone up to 30 km and in the zone up to 50 km is represented mainly by low-class properties suitable mainly for redevelopment.
Among the complexes introduced directly within the city of Moscow, experts single out only one object - the Magistralny terminal, which is a warehouse for individual storage. The internal space is organized according to the design principle, which allows us to offer the tenant an area from 1 to 50 sq. m in one plane. Prices start at 950 rubles. per sq. m per month and depend on the size of the selected box and the rental period. The favorable location between the two most important highways: Horoshevskoye and Zvenigorodskoye highways, as well as the high level of service ensured a stable demand for self storage services immediately after the start of the sale of space in the new terminal.
Demand on the industrial and warehouse real estate market in Moscow and the Moscow region
On the industrial and warehouse real estate market in Moscow and the Moscow Region, an extremely high level of demand remains - even the record commissioning of new premises practically did not affect the average level of vacant premises, which, according to various estimates, amounted to 1-2%. This circumstance is explained by the following factors:
- Developers, striving to minimize the risks associated with the market exposure of the facility, are increasingly implementing built-to-suit projects, as a result of which a significant proportion of space never reaches the open market (according to various sources, from 35% to 60% in 2013).
- The construction of warehouses for a specific client is a service focused on large buyers (or tenants), which, together with a low level of vacant space, creates an unsatisfied demand for small buyers (or tenants).
- During the construction of facilities oriented to the open market, preliminary lease / sale agreements are concluded, which also reduces the actual volume of space entering the open market by the time of commissioning.
- The postponement of the commissioning of a number of facilities.
Buyers and tenants of warehouses choose a “build-to-suit” scheme of interaction with a developer not only because of the limited supply, but also often because of highly specialized requirements for the acquired space. Compliance with these requirements at the early stages of project implementation allows you to save on operating costs and the possible adaptation of a typical warehouse to the specific requirements of a particular client.
The level of demand (the total volume of purchase, sale and lease transactions) in 2013 is estimated by experts at 1.3 million square meters. m, which is slightly higher than in 2013. The peak in demand was in the 2-3 quarters of 2013.
The most active tenants and buyers of industrial and warehouse real estate in 2013 were large trading companies, distributors and manufacturing enterprises.
Figure 3. Distribution of transactions in the industrial and warehouse real estate market by business profile of tenants and buyers (according to Knight Frank)
According to Jones Lang LaSalle, the average deal size increased in 2013 - on average in 2013 it amounted to about 18 thousand square meters. m (13 thousand square meters in 2012 and 11 thousand square meters in 2011). Experts call the lease of 72 thousand sq. M. By IKEA the biggest deal of the year. m in "Logopark North".
Table 1. The largest transactions in the industrial and warehouse real estate market of the Moscow region (according to the company "Jones Lang LaSalle")
Commercial conditions in the industrial and warehouse real estate market in Moscow and the Moscow region
From the point of view of commercial conditions, the industrial and warehouse real estate market can be characterized as stable - there were no significant changes in rates during 2013, the current high level of rates is primarily due to the lack of quality supply.
During 2013, the level of rental rates for high-quality industrial and warehouse complexes in the Moscow region was on average in the range of 115-140 USD / sq. m / year (triple net).
The range and average cost of supply of industrial and warehouse complexes, depending on the conditional area of location, were (including objects for redevelopment):
- Within the city limits of Moscow: 16 130 - 158 333 rubles / sq. m, the average value is 58,915 rubles / sq. m.
- In the zone up to 20-30 km from the Moscow Ring Road (Podolsk, Odintsovo, Zelenograd, etc.): 3 349 - 61 508 rubles / sq. m., the average value is 36,862 rubles / sq. m.
- In the area of 30-50 km from the Moscow Ring Road (Elektrostal, Chekhov, Solnechnogorsk, Dmitrov, etc.): 1 916 - 52 174 rubles / sq. m., the average value is 21,725 rubles / sq. m.
Figure 4. Range and average values of the unit cost of supply of industrial and warehouse real estate, depending on the area of the object, rubles / sq. M.
The unit cost of space in the segment of high-quality warehouse real estate in the Moscow region is on average in the range of 900-1 400 USD / sq. m., the capitalization rate is about 11%.
Pricing factors in the industrial and warehouse real estate market
Since the cost of objects located within the city limits is significantly higher than the cost of objects located in the region, it is advisable to build the dependence of the unit cost on pricing factors according to one of these groups of objects. Further, to build dependencies, objects located in the area were selected, due to the larger number of proposals and, as a result, more visual construction of these dependencies.
Among the pricing factors of industrial and warehouse real estate, the most significant quantitative factors can be distinguished from the point of view of the impact on the unit cost of an object:
First of all, one can single out a factor related to location and transport accessibility, namely - distance to MKAD. This factor has the greatest impact on the price of objects located outside the city, since objects within the city are significantly influenced by many other factors related to location (for example, distance to the metro, distance to major streets, etc.). In addition, the factor distance to major transport routes.
Among the objects offered for sale in 2013, the range of values of the factor "Distance to the Moscow Ring Road" was 3.6-59 km, the average - 33 km.
The range of values of the factor "Distance to the main transport routes" was 0.2-9 km, the average value was 1.8 km.
Figure 5. Influence of the factor "Distance to the Moscow Ring Road" on the unit cost of the object
Figure 6. Influence of the factor "Distance to the main transport routes" on the unit cost of the object
Total area of improvements- according to a survey of agents specializing in the sale of industrial and warehouse real estate in the Moscow region, when selling objects of a larger area, sellers are ready to go for a certain reduction in payment, which is an analogue of a "discount on wholesale", i.e. objects of a larger area, as a rule, are cheaper per square meter. The range of values of the factor "total area of improvements" was 110-75,000 sq. m., the average value is 8 939 sq. m.
Figure 7. Influence of the factor "Total area of improvements" on the unit cost of the object
The total area of the land plot. Industrial and warehouse facilities with a larger land area are in greater demand in the market. Since, on the surplus land plot, you can organize a parking lot for vehicles, place an open warehouse for various products, there is a possibility of maneuvering heavy vehicles. The range of the value of the factor "Total area of the site" was 1,300-83,200 sq. M. m., the average value is 22,764 sq. m.
Figure 8. Influence of the factor "Total area of the land plot" on the unit cost of the object
The most significant quality factors include:
Condition / level of interior finishing of production and storage facilities- the good condition of the building or the major repairs carried out in it will save the potential owner from attracting additional investments in the object. The prices of proposals for industrial and warehouse buildings or built-in premises that are in good condition with a simple level of finishing are higher than the prices for proposals for objects in a satisfactory condition.
Table 1. Values of the factor "Condition / level of interior decoration"
Availability and condition of engineering networks also plays a significant role in the formation of the value of a production and warehouse facility. This factor determines the amount of necessary capital investments for the normal functioning of the facility, while, from the point of view of the implementation of the production and warehouse function, the availability of electricity and heat supply is paramount.
Table 2. Values of the factor "Availability and condition of utilities"
Accessibility and convenience of access roads- the most demanded sites are those with several convenient access roads. The convenience of access roads is assessed by a point system, depending on the class and level of traffic on the street from which the vehicle enters the territory, as well as the possibility of temporary parking on it.
Table 3. Values of the factor "Equipment of access roads and their convenience"
Depending on the type of production, other pricing factors can also be taken into account (the presence of a railway line, the height of the ceilings, the presence of cranes, etc.).
Main trends and forecasts in the industrial and warehouse real estate market in Moscow and the Moscow Region
- In 2013, the classification of industrial and warehouse real estate was revised - information on class A + objects was clarified.
- There is still a high level of demand on the market against the background of a shortage of high-quality supply, the level of vacant space in 2013 was 1-2%.
- The main commissioning of new objects falls on the popular directions: south, southeast, southwest. At the same time, almost all objects belong to the class "A".
- The volume of transactions in the segment of industrial and warehouse real estate amounted to about 1.3 million square meters. m.
- A relatively new trend is the implementation of projects located at a distance of 30-50 km from the Moscow Ring Road.
- The implementation of built-to-suit projects is becoming more and more popular - according to various estimates, in 2013, 35% to 60% of the area was sold this way.
- Taking into account the postponement of the date of commissioning of a number of projects, the volume of commissioning in 2013 may remain in 2014. At the same time, the level of vacant space is expected to remain at the level of 2-4%.
- An increase in rental rates and the cost of selling objects is not expected - the main constraining factor is the unfavorable macroeconomic forecast for 2014 (low growth of GDP and other socio-economic indicators is forecasted).
- Among the largest projects announced for commissioning in 2014, market experts point out: the industrial park "South Gate" and the logistics park "Radumlya", with a total area of 200 and 155 thousand square meters. m respectively.
Conclusions: the close-to-record volumes of space commissioned in the industrial and warehouse real estate market in Moscow and the Moscow Region did not have a significant impact on demand, which continues to be at a high level. In the absence of serious fluctuations in commercial conditions against the background of a high level of demand, it can be concluded that the market is stabilizing. The main factors that restrain the market from further active development are macroeconomic ones - the instability of the general economic situation increases the risks of developers, forcing the latter to work more and more actively according to the “build-to-suit” scheme.
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| 27.03.2019 | Offices | |
| 10.10.2018 | Offices | |
| 08.07.2018 | Offices | |
| 12.04.2018 | Offices | |
| 15.01.2018 | Offices | |
| 07.11.2017 | Offices | |
| 01.08.2017 | Offices | |
| 25.04.2017 | Offices | |
| 15.02.2017 | Offices | |
| 24.11.2016 | Offices | |
| 16.09.2016 | Offices | |
| 18.05.2016 | Offices | |
| 19.02.2016 | Offices | |
| 02.11.2015 | Offices | |
| 03.08.2015 | Offices | |
| 27.04.2015 | Offices | |
| 30.01.2015 | Retail property | |
| 30.01.2015 | Offices |
The need to analyze the commercial real estate market at the stage of making an investment decision is beyond doubt. A careful study of such factors as the location of the object, the level of real estate prices in the selected areas, the peculiarities of taxation and the intricacies of the legislation will determine the feasibility and economic benefits of financial investments in real estate. In addition, a competently conducted analysis of the commercial real estate market helps to identify the potential of the selected object, disclosing which, you can get profit from your investments in the optimal time frame.
Thanks to many years of experience in this field, continuous improvement of skills and deepening of the acquired knowledge, the Praedium Analytics and Research Department will help you make the right investment choice. An important advantage of Praedium analytics is the high level of professionalism of our consultants and experts. We regularly analyze the commercial real estate market, monitor all events in the investment market and study the main macroeconomic trends. The main confirmation of the successful development strategy of Praedium is the numerous positive feedback from clients on the implemented analytical projects and interest in reviews of the commercial real estate market.
The Analytics and Research Department regularly publishes the following materials:
A quarterly review of the commercial real estate market (analysis), which collects and clearly presents information on demand, supply, price and rental rates dynamics, as well as data on current trends and recent events in various segments of commercial real estate, collected over the period.
Monthly digest of major events, which presents the most relevant and notable reviews of the commercial real estate market. It allows our readers to always keep abreast of the most important market events.
Praedium Analytics also conducts a number of specialized studies upon customer request. These include:
Analysis of the competitive environment of the real estate object. In the course of this study, the prospective competitors of the client's object are studied in detail, a comparative analysis of the advantages and disadvantages is carried out. The information obtained allows us to develop proposals for the most profitable commercial use of the facility and to determine options for development concepts that fully reveal the potential of the facility.
Calculating the market rental rate or sales price. This study allows, after conducting a review of commercial real estate, to determine the rate at which the property can be rented out under typical market conditions and the most likely market value of the property if it is sold. This information will make it possible to predict the profitability of the investment for the client with a high degree of accuracy.
Prices for commercial real estate in Moscow are formed on the basis of the database of ads on the site of the real estate site. Residential and commercial property prices are calculated separately. Also, the cost of apartments and houses is calculated separately. For apartments and houses, we have separate pages: Prices for houses in Moscow and Prices for apartments and rooms in Moscow.
Every six hours, we save the minimum, average and maximum prices (5, 50, 95 quantiles of the price distribution, respectively) for all possible combinations of transaction type, category and locality. Together with the price, the average area of the corresponding objects is saved in order to be able to calculate the price per square meter. Thus, unusually expensive or cheap properties are excluded from statistics.
To build graphs, the corresponding parameters are averaged over the days within the selected period. If there is not enough statistical data for any parameter to draw a continuous line, it is excluded from the general picture.
Prices for the sale and rental of commercial real estate
| Office rooms | RUB 55 450 848 + 37.96% | 252 868 rub + 598.76% |
| Commercial premises | 67 876 987 rub + 17.71% | US $ 690 -0.05% |
| Warehouses | 315 110 rub + 51.18% | |
| Premises for free appointment | US $ 398,829 -8.6% | 442 797 rub + 10.67% |
| Other commercial property | RUR 66 599 999 + 54.66% |
Dynamics of prices for the sale of commercial real estate
Dynamics of prices for lease of commercial real estate
Average cost per square meter
The average cost per square meter is calculated as the median of the distribution of the price divided by the median of the distribution of living space, grouped by category.
Number of ads
Distribution of currently active ads by type of transaction and category of real estate.
Prices by area on the map
Shown is the average price per square meter grouped by district. Expensive areas visually differ from cheaper ones.
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